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News Link • Employment & Jobs

Minimum Wage Laws are a Masterful Delusion


It may create 'government jobs' but it cannot create real wealth. Governments specialize in bureaucracy and welfare. Real wealth is created by real jobs profitably producing things of value in the marketplace. A real job is possible when an employer decides that their investment in a 'worker' is worth their risk, but alas, constant government interference greatly affects how risky this proposition is for them.

Market wage levels are not determined by emotions, greed or pity; the wage offered by an employer to a prospective employee is the result of certain constraints:

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